The European division of the bitFlyer cryptocurrency exchange announced the integration with the PayPal payment system. PayPal account holders can now deposit in Euros to buy cryptocurrencies.
— bitFlyer Europe (@bitFlyerEU) September 21, 2020
bitFlyer Europe is the only exchange to date offering such possibility.
For example, Coinbase only allows to withdraw assets to PayPal accounts. The p2p platforms LocalBitcoins and Paxful allow their customers to pay with PayPal, but the integration is not straightforward – transactions take place using personal accounts. The eToro investment platform provides this service only to the US residents.
PayPal will be added on the bitFlyer Europe deposit options page. The transfer will be almost instantaneous, whereas current options may require up to three days of waiting.
Japanese cryptocurrency exchange bitFlyer opened a European division in January 2018 after receiving a payment operator license to operate in the EU. In November 2017, the company began operations in the United States with a BitLicense. bitFlyer is among the top ten most credible Bitwise Bitcoin exchanges.